(Dec 3): Iskandar Waterfront Holdings is considering an initial public offering as early as next year, partly to help fund the US$33.5 billion ($45.8 billion) Bandar Malaysia project, according to people with knowledge of the matter.

The company known as IWH is working with at least one adviser for the listing that may fetch a valuation of about 30 billion ringgit ($9.8 billion), said one of the people, who asked not to be named because the information is private.

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